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Alliance HealthCard announces plans to merge with Access Plans USA

 
BY DEBBIE BLOSSOM | Published: November 18, 2008    Comment on this article Leave a comment

A national designer and marketer of consumer discount services that moved its headquarters to Oklahoma this summer has announced it will acquire a company that develops and distributes discounted health-related services.

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Alliance HealthCard Inc., now based in Norman, has signed an agreement to merge with Irving, Texas-based Access Plans USA Inc.

The stock-purchase deal is expected to close early next year, contingent on approval by Access Plans’ shareholders.

At closing, Alliance will issue up to 7.25 million shares of its common stock to Access Plans shareholders, said Danny Wright, Alliance HealthCard’s chief executive officer and chairman.

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Related Topics: Health and Fitness, Mergers and Acquisitions, Business, Company Activities and Information, Marketing, Personnel Changes, Executive Changes



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